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财经少华|Feb 21, 2025 01:36
The current cryptocurrency market sentiment has not yet attracted bargain hunters and contrarian traders
As the US Bitcoin ETF experienced its first net outflow since early January last week, the highly anticipated cryptocurrency Fear and Greed Index has entered the "fear" zone, significantly declining from its peak in November last year. This indicates that the relatively stable performance of the market is suppressing investor sentiment. At the current level of sentiment and market capitalization, the market has not yet attracted bargain hunters and contrarian traders.
Bitcoin technology analysis shows that it may form a so-called 'death cross', where the short-term trend line falls below the long-term trend line, and some people worry that this may indicate a sharp drop in Bitcoin prices. The price of Bitcoin briefly broke through the $100000 mark after Trump's victory, but is currently stagnant below this critical level.
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